John Carney - Page 18

Speaking today before the Economic Club of New York, Treasury Secretary Scott Bessent laid out the intellectual foundation of Trump’s economic vision, describing a comprehensive strategy designed to restore American prosperity and reclaim economic sovereignty.

President Trump’s tariff policies are a recognition that America cannot fix its economy without confronting the policies of surplus nations that have spent decades rigging the system in their favor.

USMCA compliant cars may get a lower tariff rate or be exempted altogether, Commerce Secretary Howard Lutnick said in an interview Wednesday.

“We are going to rediscover the unstoppable power of the American spirit,” President Donald Trump said Tuesday night.

President Trump’s new round of tariffs is set to take effect, and once again, critics are predicting economic disaster.

Tariffs on Mexico’s exports to the U.S. are poised to hit at a particularly difficult time for the country’s factories. Mexico’s manufacturing sector contracted at its fastest pace in five months in February, as declining U.S. demand and a steep

Americans are not likely to be hit hard even if the tariffs on Mexico, Canada, and China rise significantly this week. A new analysis from the Federal Reserve Bank of Atlanta suggests that the consumer price impact of proposed import

Wall Street ended the week on a high note, shaking off geopolitical tensions after President Donald Trump’s tense White House showdown with Ukrainian President Volodymyr Zelensky.

“It’s very difficult to do an economic deal with a leader who doesn’t want to do a peace deal,” Bessent said in an interview after Zelensky’s outburst brought a White House meeting to an abrupt halt.

Zelensky’s Oval Office outburst leaves the fate of mineral rights deal uncertain.

The latest GDP report released Thursday by the Bureau of Economic Analysis confirms what many economists had been quietly warning: beneath the surface, the economy is weaker than it seemed.

A dramatic and decisive shift is sweeping through corporate America, as diversity, equity, and inclusion (DEI) initiatives crumble in the face of legal scrutiny, economic reality, and shifting public sentiment.

Corporate America is rushing to abandon practices and policies based on the diversity, equity, and inclusion ideology after President Trump issued an executive order banning racial discrimination in hiring practices.

The Republican Party has firmly re-established itself as the party of tariffs, marking a sharp departure from the free trade consensus that dominated its economic philosophy in the late 20th century.

U.S. consumer confidence slid sharply in February, posting its steepest decline since August 2021, as Americans grew increasingly concerned about rising prices, weakening job prospects, and the broader economic outlook. The Conference Board’s Consumer Confidence Index fell 7 points to

It would be nearly impossible to exaggerate the economic significance of renewing provisions from the 2017 Tax Cuts and Jobs Act (TCJA).

Economic activity in the United States softened at the beginning of the year, according to data released Monday by the Federal Reserve Bank of Chicago. The Chicago Fed National Activity Index (CFNAI), a broad measure of economic momentum, declined to

Uncertainty about the fate of the Trump tax cuts, especially bonus depreciation, may already be weighing down investment.

Some analysts argue that these “DOGE Dividends” could contribute to inflation. However, the economic impact of this policy differs significantly from the Biden-era stimulus measures that drove inflation to four decade highs.

Existing-home sales stumbled in January, falling 4.9 percent from December to an annualized pace of 4.08 million, a sharper drop than the 2.6 percent decline economists had expected. The start of 2025 continues a prolonged period of weakness in home

A sharp partisan divide over economic expectations and inflation.

America has become an unwitting partner in a trade policy designed in Beijing—a policy that systematically erodes U.S. manufacturing, distorts global markets, and leaves American workers at a disadvantage.

A wise man once said that the best investors buy from pessimists and sell to optimists.

Businesses expect they’ll raise prices less this year than they did last year.

Wall Street might not like it. The free-trade purists might complain. But the reality is clear: tariffs are not an attack on free trade. They are the only way to make free trade real.

German auto parts giant Continental AG is cutting around 3,000 research and development jobs in its automotive division, a move that comes as the company prepares to spin off the struggling business amid broader turmoil for the auto industry stemming

The New York Fed’s survey shows a lot of inflationary pressure in the factory sector.

“For purposes of this United States Policy, we will consider Countries that use the VAT System, which is far more punitive than a Tariff, to be similar to that of a Tariff,” Trump wrote.

“He who saves his Country does not violate any law,” Trump posted over the weekend.

Donald Trump’s return to the White House is being experienced by many in Washington, DC, as a calamitous upheaval, but that’s not how it looks across the country.

The Consumer Financial Protection Bureau (CFPB) has become one of Washington’s most powerful—and least accountable—agencies. But the days of the CFPB’s unchecked power are over.

Americans are tired of Biden and Powell’s inflationary legacy but it is not yet done with us.

Heads exploded across the establishment financial press on Wednesday when President Donald Trump proclaimed that tariffs and lower rates go hand in hand.

Inflation in the United States surged higher in January. The Department of Labor said Wednesday that the consumer price index (CPI) rose 0.5 percent in January from the prior month, much more than expected. Compared with a year ago, consumer

ason Furman, a longtime Democratic economist and former Obama adviser, has issued a stunning rebuke of Bidenomics, confirming what many of us have been saying for years about the disastrous economic policies that voters rejected in 2024.

The Fed cut rates three times under Biden, but now that Trump is in office, Powell says there’s ‘no hurry’ to cut further.